Greene County, Virginia Housing Market
In Greene County, Virginia, the median home value is $343,300, with a median monthly rent of $1,309. This places Greene County at #449 nationally out of 3134 counties by median home value, and #42 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $817
- Establishments: 514
- BLS QCEW, 2025
Housing Supply
- Single-family: 216
- Multi-family: 50
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,565 (avg $76,061)
- Outflow: 7,900 (avg $74,883)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Greene County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 22973 | 282.6 | +28.89% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Greene County Compares
| Metric | Greene County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $343,300 | $295,807 | $227,706 |
| Median Gross Rent | $1,309 | $1,169 | $968 |
| Owner Occupancy Rate | 83.4% | 70.8% | 73.3% |
| Price/Rent Ratio | 21.9 | 20.3 | 18.7 |
Market Analysis
The median home value in Greene County is 16.1% above the Virginia state average and 50.8% above the U.S. national average. The median rent of $1,309/month is 12.0% above the state average.
With a price-to-rent ratio of 21.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Greene County has an owner-occupancy rate of 83.4%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Delta County | Colorado | $343,200 | $1,121 |
| Bryan County | Georgia | $343,200 | $1,618 |
| Cecil County | Maryland | $343,400 | $1,377 |
| Oakland County | Michigan | $343,600 | $1,376 |
| Winchester city | Virginia | $343,000 | $1,315 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Winchester city | $343,000 | $1,315 | 43.6% |
| Northumberland County | $346,800 | $1,038 | 86.1% |
| Suffolk city | $347,400 | $1,563 | 70.7% |
| Warren County | $348,400 | $1,199 | 75.9% |
| Middlesex County | $352,200 | $1,059 | 87.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).